OPTT Technical

Technical Sentiment Analysis for Ocean Power Technologies Inc (OPTT) As of 2026-03-02, Ocean Power Technologies Inc (OPTT) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 12 technical signals, shows that 5 indicators are flashing buy, while 7 are indicating sell.

Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for OPTT stands at 46.26, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -0.0137, providing a Sell signal for short-term momentum. Other oscillators like the Stochastic Oscillator at 12.481 and the Commodity Channel Index (CCI) at -66.943 further confirm a -0.0187 outlook for the stock.

Support, Resistance & Moving Averages From a structural perspective, OPTT is trading below its 60-day moving average of $0.425 and below its 200-day long-term moving average of $0.493. Key price levels to watch include the immediate resistance at $0.44 and strong support at $0.39. A break above $0.44 could signal a bull continuation, while falling below $0.39 may test the next Fibonacci floor at $0.365.